There were originally two funds for cladding remediation for buildings over 18m. One of these funds is now closed for applications, whilst the other, known as the Building Safety Fund, Â remains open. Funding may also be available through the Developer Pledge, depending on whether your building was developed or renovated by one of the large UK contractors which has signed up to the scheme.
The scheme now closed for applications is the Private Sector ACM Cladding Remediation Fund. This fund was specifically aimed at covering the costs of removing and replacing unsafe cladding made from Aluminium Composite Material (ACM). Whilst it closed at the end of 2019, in some cases the government may still look favourably on suitable applications. So, if your high rise building is clad in ACM, please do continue to read on to learn more about the funding and how Cladding Consulting may be able to help you.
The fund that is accepting applications and is now in its second guise is the Building Safety Fund. This fund was launched specifically to cover the cost of cladding remediation for buildings over 18m that have been clad in material other than ACM. However, it was revised in July 2022 and now covers any unsafe cladding and associated fire safety risks.
There is also funding available through the Developer Pledge. A number of leading residential developers have pledged to remediate life critical fire safety works in buildings over 11 metres in England that they played a role in developing or refurbishing during the past 30 years. Developers signed up to the pledge have agreed to reimburse any funding already received from government cladding remediation programmes in relation to buildings they had a role in developing or refurbishing. They have also agreed to cover the costs of remediation, to protect leaseholders from having to pay.